Alphabet price target raised to $300 from $240 at Evercore ISI

Evercore ISI raised the firm’s price target on Alphabet (GOOG) (GOOGL) to $300 from $240 and keeps an Outperform rating on the shares. Google’s share as the primary search engine has slipped from previous surveys with ChatGPT gaining traction, but Google’s dominance in commercial-intent search cases like Shopping and Travel remains largely unaffected, which suggests “minimal impact on revenue growth,” the analyst tells investors.